Celltrion Announces Stock Dividend of 0.04 New Shares per Share
"Approximately 4% Stock Dividend Effect Expected"
Celltrion has decided to carry out a stock dividend, allocating 0.04 new shares for each common share held.
According to Celltrion on May 26, the total number of new shares to be issued through the stock dividend is 8,477,626. The scheduled listing date for the new shares is July 25, and the record date for allocation is June 10.
The number of new shares to be issued was determined after taking into account the quantity of treasury shares previously repurchased by the company from the market.
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Celltrion stated, "The stock dividend is structured so that shareholders can share in any additional gains in value when the new shares are listed," and added, "We expect an approximate 4% stock dividend effect."
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